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Lai unveils NT$1.25tn defense budget

President William Lai (賴清德) yesterday announced a NT$1.25 trillion (US$39.9 billion) special defense budget, which includes funding for a “Taiwan dome” air defense system with high-level detection and interception capabilities.

The funds would be allocated over eight years from next year to 2033, he told a news conference at the Presidential Office in Taipei.

Lai has previously pledged to increase defense spending to 5 percent of GDP as part of an ongoing strategy amid China’s threats of invasion.

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Japan to deploy missiles on Yonaguni

Japanese Minister of Defense Shinjiro Koizumi, visiting a military base close to Taiwan, said plans to deploy missiles to the post would move forward as tensions smolder between Tokyo and Beijing.

“The deployment can help lower the chance of an armed attack on our country,” Koizumi told reporters on Sunday as he wrapped up his first trip to the base on the southern Japanese island of Yonaguni. “The view that it will heighten regional tensions is not accurate.”

Former Japanese minister of defense Gen Nakatani in January said that Tokyo wanted to base Type 03 Chu-SAM missiles on Yonaguni, but little progress has been made so far. The truck-launched missiles are designed to counter air threats up to 48km away.

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Newsflash

Former US vice president Mike Pence yesterday vowed to continue to support US-Taiwan relations, and to defend the security and interests of both countries and the free world.

At a meeting with President William Lai (賴清德) at the Presidential Office in Taipei, Pence said that the US and Taiwan enjoy strong and continued friendship based on the shared values of freedom, the rule of law and respect for human rights.

Such foundations exceed limitations imposed by geography and culture, said Pence, who is visiting Taiwan for the first time.